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Category Archives: IRS
IRS sends CP2100 and 2100A Notices
In April, the IRS sent CP2100 and CP2100A notices to banks, credit unions, businesses or payers who filed returns that don't match IRS records. These information returns include: Form 1099-B, Proceeds from Broker and Barter Exchange...
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Tax Tips for Federal Withholdings | W-4
The most common reason why you may not received a tax refund when filing your taxes is because your withholding is wrong. This applies to most W-2 filers only. Getting your withholding right enables you to receive a refund. Below is what the IRS...
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STIMULUS PAYMENTS – IRS Letters 6475 | 6331C or 5071 |...
The Economic Impact Payments (EIP) commonly refer to as Stimulus Payment is about to be phase out this tax season. If you have not received your stimulus payments, now is the time. The IRS have been sending out letters to taxpayers who they...
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Home Office Deduction Self-Employed
The home office deduction allows qualified taxpayers to deduct certain home expenses when they file taxes. To claim the home office deduction on their 2021 tax return, taxpayers generally must exclusively and...
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Here’s What’s New and What to Consider When Filing in 2022
The IRS encourages taxpayers to get informed about topics related to filing their federal tax returns in 2022. These topics include special steps related to charitable contributions, economic impact payments and advance child tax credit...
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Can A Tax Preparer prepares Tax Returns If They Owe the...
The answer is no. If you owe the IRS, you will need to pay the IRS to continue as a Tax Preparer. Attorneys, certified public accountants, enrolled agents or anyone who gets paid to prepare tax returns may owe a penalty if they don’t follow tax...
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